Sensornet and Ziebel sign agreement for wellbore DTS systems

Released on: April 22, 2008, 8:14 am

Press Release Author: Sensornet

Industry: Industrial

Press Release Summary: Sensornet, provider of the world's most advanced monitoring
solutions, is pleased to announce a supply and cooperation agreement for Distributed
Temperature Sensing (DTS) technology with Ziebel.

Press Release Body: Sensornet, provider of the world's most advanced monitoring
solutions, is pleased to announce a supply and cooperation agreement for Distributed
Temperature Sensing (DTS) technology with Ziebel.

The supply agreement will allow further expansion of Ziebel\'s current fibre optic
permanent downhole monitoring solutions as well as intervention services, and will
strengthen Sensornet's position as the industry leading supplier of fibre optic
monitoring products and services.

The partnership enables Ziebel\'s intervention technologies and competencies to be
combined with the industry's most advanced DTS products and services from Sensornet.
This allows for the provision of data management and interpretation services by
FloQuest, enabling advanced analysis of DTS and other sensors for flow allocation,
injection profiling, and well integrity monitoring.

Sensornet and Ziebel have also signed a new three year exclusive agreement to
cooperate on the commercialization of the patented ZipLogTM wellbore optic surveying
method. This game-changing well intervention methodology involves a semi-stiff
carbon \"rod\" being pushed into live wellbores across production or injection
intervals. This is a cost-effective and powerful alternative to logging with coiled
tubing or well \"tractors\". The system logs downhole distributed temperature, point
pressure and vibration in real time.

Neale Carter, CEO Sensornet, said: "I am delighted by these exciting developments
and we look forward to further enhancing our disruptive technology offering to our
clients in the oil and gas industry.

"The correct analysis and interpretation of flow distribution and content can have a
significant impact both financially and logistically on a well's production life
and, ultimately, the success of an operation. This agreement will ensure that our
technically advanced range of solutions ensures that every monitoring requirement is
met."

Henning Hansen, Corporate VP - Technology, Marketing and Business Development,
Ziebel, said: "Having followed Sensornet closely for many years, I am very pleased
to see Sensornet and Ziebel now forming this cooperation.

\"Further strengthening the cooperation with Sensornet is a significant reinforcement
of Ziebel's vision to become a leading provider of systems improving reservoir
drainage.
This technology cooperation, where Ziebel\'s leading edge wellbore technologies and
competencies are merged together with Sensornet\'s industry leading fibre optic DTS
products, will for Ziebel be a significant step forward in advanced wellbore
monitoring and interpretation."

About Sensornet

Launched in 1998, Sensornet provides the world's most advanced asset monitoring
solutions, using real-time distributed temperature and strain measuring systems.
Sensornet provides the complete Digital Monitoring package to the global oil and gas
industry, and offers its own temporary and permanent DTS installation capability.
The company is rapidly expanding and has offices based globally in Europe, North and
South America, Middle East and Asia.

Sensornet's award winning technology is supported by a highly qualified and
experienced technical, operations and management team, which has provided
multi-million dollar turnkey solutions to many of the world's leading blue-chip
companies. From system engineering and design, to data interpretation services and
post delivery support agreements, Sensornet is a full solution provider.
www.sensornet.co.uk

About FloQuest

Founded in 2006 FloQuest is a UK based company working on a number of international
projects concerned with near wellbore modelling and in-well data management. In
addition to industry leading near wellbore flow modelling solutions FloQuest
provides software for the visualisation and interpretation of distributed
temperature and other downhole sensors. FloQuest's unique software with optimised
workflows allow clients to easily access and better utilise production data ensuring
maximum return on their monitoring investments.
www.floquest.com
About Ziebel

Ziebel AS, headquartered in Stavanger, is a respected provider of subsurface asset
consulting and production solutions. Products and solutions offered include
downhole instrumentation and control systems, innovative well completion solutions
combined with reservoir and flow assurance simulators, downhole monitoring
solutions, subsea observation well monitoring, artificial lift solutions, as well as
services that include fibre optic DTS well logging interventions, deployment
systems, evaluation of reservoir performance and artificial lift optimization.

Ziebel, with a workforce of more than 200 employees, has personnel and operations in
a number of countries covering Western Europe, North and South America, the Middle
East and South East Asia.
www.ziebel.biz



Web Site: http://www.sensornet.co.uk/

Contact Details: Contacts

* Neale Carter, Sensornet - neale.carter@sensornet.co.uk, +44 208 236 2550
* Garth Naldrett, FloQuest - garth.naldrett@floquest.com, +44 1329 848 603
* Henning Hansen, Ziebel - henning.hansen@ziebel.biz, +47 9079 9741

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